4 Reasons how LAWS/Pro, combined with Virtual Administration, greatly improves small firm efficiency
Most lawyers lack sufficient accounting knowledge to efficiently manage the financial aspects of their firm.
A common solution is to out source the firm's financial administration to an independent accountant,
or delegate responsibility to an untrained, overworked, support staff.
Problems result from the firm and accountant using separate, unrelated, systems.
The firm relies on their system to record time and produce client invoices. The receipts and disbursements
are forwarded to the accountant who re-enters them into a stand alone accounting system
to maintain accurate financial information. Rarely are the two systems synchronized leaving the firm unable to rely on its time and billing system for
accurate financial data.
Untrained support staff most often postpones dreaded accounting tasks until the last possible
moment resulting in unreliable, untimely, financial data.
Use of LAWS/Pro, combined with Virtual Administration solves these problems.
3: LAWS/Pro DECREASES outside accounting costs.
access to the firm's data, outside accountants spend an inordinate amount of time establishing a stand alone system then re-entering
the firm's transactions into this system. Cloud based LAWS/Pro
provides the Virtual Administrator with authorized access
to the firm's database which eliminates this redundancy. The Virtual Administrator is able to access the firm's actual data
and focus on the required review and verification of this information.